Hanmi Financial Corporation has released its 3Q25 performance results, showcasing significant changes in various key financial metrics since the previous period.
Firstly, the company's total assets have reached $6.5 billion, with loans totaling $6.8 billion, representing a 10% loan growth. Additionally, the tangible common equity to tangible assets (TCE/TA) ratio stands at 9.80%, with tangible book value per share (TBVPS) at $25.64.
The average loan trend has shown strong growth, with an average loan balance reaching $6.251 billion in 3Q25, reflecting a 10% compound annual growth rate (CAGR) since 2013.
Moreover, the average deposit trend has also displayed robust growth, with average deposits reaching $6.529 billion in 3Q25, reflecting a 9% CAGR since 2013. Notably, average noninterest-bearing deposits have grown by 9% CAGR since 2013 and now represent 30% of total deposits.
In terms of net income, the company has demonstrated steady earnings growth at an 8% CAGR between 2013 and 2018. Notably, 2023-24 observed the lagging effect of the 500-basis point increase in the Federal funds rate, with the company ending 2022 with $101 million in net income.
The net interest income (NII) trend has shown a varying net interest margin (NIM) ranging from 3.08% to 3.95% over the years, with NIM standing at 3.94% in 3Q25.
Noninterest income, noninterest expense, allowance for credit losses, nonperforming assets, and net charge-offs (recoveries) have all fluctuated over the years, reflecting changes in the company's financial performance.
Hanmi Financial Corporation's risk management practices have been highlighted, with a focus on addressing CRE concentration risk under regulatory guidance and comprehensive contingency funding plans to plan for funding needs in scenarios of liquidity shortfall.
Today the company's shares have moved 0.0% to a price of $26.90. If you want to know more, read the company's complete 8-K report here.
